The team at Drake Entrust Mortgage Services has been serving the needs of the Chilliwack community since 2009.
Now with a new space in downtown Chilliwack, they're able to help even more local families to comfortably settle into new homes of their own.
Navigating the complexities of mortgage financing can be daunting. After all, it's perhaps the most valuable investment that a person will make in their life.
Canadians can apply for a mortgage either from a bank or from a licensed mortgage professional.
While banks can only offer products from their particular institution, licensed mortgage professionals have access to a variety of lenders, including Canada's largest banks, credit unions, trust companies, financial institutions, and private lenders.
"We are unbiased mortgage professionals," said senior mortgage planner Steve Brouwer. "We outline the pros and cons of every option, get [clients] qualified, and at a discounted rate."
"And clients do not pay for our services," Brouwer added, the brokers are paid by the financial institution. Clients gain trust and confidence knowing that they are getting the best mortgage for their unique circumstances.
From the initial meeting, the broker is there to be your intelligent, impartial advocate. They explain the process with transparency, ensuring that clients have peace of mind at every step of the way.
"Because it's not all apples to apples, every situation is different," Brouwer pointed out.
They break down the jargon that can often confuse a first time homebuyer, such as the difference between a variable rate and an open mortgage, for example. They also offer helpful resources on their website, including a detailed mortgage glossary, a mortgage calculator, and tailored options for retirees.
For those who are self-employed or have had credit issues in the past, mortgage brokers are there to help mitigate additional hurdles in the process. "We help them get back on track and get all the documentation they need, so that they can get qualified," Brouwer explained.
With the rapid pace of the current real estate market, Brouwer stressed how important it is to work with brokers to get all of your legal documents reviewed and approved in advance of making an offer, to ensure that you won't miss out on the perfect home.
Get in touch with a Drake Entrust mortgage specialist at 15-45966 Yale Road or by phone at 1-866-798-2313. Learn more at entrustmortgage.ca.